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the house and the senate both went home without a deal, when it comes to trying to avert the fiscal cliff. senators are leading the negotiations and they have until midnight tonight to come up with a compromise before massive spending cuts and tax increases kick it. that affected university about every one of us around the country. senator harry reid expects us to reconvene this morning. sue rae chin has more. >> reporter: member of congress left meetings on capitol hill sunday without a deal hours before the nation is set to fall off the fiscal cliff and negotiatations continue. >> reporter: if republicans and democrats can't strike a dell before midnight monday, taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits and i'm billing to get this done. >> reporter: republicans introduced but quickly withdrew a proposal to cut the deficit by slowing the growth of social security. but senators say there is some movement as both sides try to pro mize about which americans should start to pay a higher tax rate. >> republica
effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and ten
-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for social security recipients. opposition to the white house's proposed rate of increase was dropped but the common ground is even shaky. the fierce disagreement over whether the bush era tax cut with the top income earners should be allowed to expire while middle income earners would see tax relief. the sticking p
year's midnight hour when tax hikes and budget cuts swoop ground the fiscal cliff. the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down vote. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on th
to reach a fiscal cliff deal. the senate and house are expected to reconvene tomorrow. we're six days away from possible across the board tax increases and spending cuts. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough and recently had a low grade fever. doctors remain cautiously optimistic about a full recovery. >>> a claim of facebook privacy breach within the zuckerberg family. his sister says a family photo was reposted by another person on twitter. randy zuckerberg called the woman out. the woman apologized said it was public because it was in her facebook newsfeed. >>> in china the longest high speed railway opens, connects beijing with guangzhou, 1,500 in eight hours, but tickets start at $138, and they're a little pricey for some people and many travelers say it's cheaper and faster to fly. >>> a report just out this morning shows home prices up in october, the biggest annual gain in more than two years. alison kosik joins u
they want a deal. the senate and house to avoid the fiscal cliff, but the senate is pushing forward hoping they will have the deal by midnight tonight. we will technically go over the cliff on new year's day. the house hopes to fix everything on wednesday. they hope the markets will stay calm if the senate? today. mellon says they're happy with this final deal -- no one says they are happy with this final deal. reporting live from the capital rebecca cooper. >> jobs at the pentagon may be in jeopardy when we go over the fiscal cliff. they are not the only military related work at stake. northern virginia bureau chief jeff goldberg is live at the pentagon tonight. >> last week, defense secretary leon panetta said day-to-day operations would likely not change dramatically if we go over the fiscal cliff. any potential layoffs would probably not happen immediately. workers are watching this very closely. watching children skate round and round is how many americans would describe what they're watching right now on capitol hill. >> it is absolutely unconscionable. >> in the pentagon, it is alar
. >> reporter: the night before the fiscal cliff. >> the senate stands in recess. >> reporter: the senate gave until tomorrow. >> there still time left to reach an agreement. >> reporter: house lawmakers headed home, dropping a command to cut social security and hope the senate sends them a deal with minimal tax hikes on the rich. >> i'm still optimistic that we can get this averted before the final hour here tomorrow. >> reporter: when the clock strikes 2013, taxes go up on most americans. huge defense cuts kick in, which some republicans claim barack obama favors. >> it's obvious the president wants us to go over the fiscal cliff. >> reporter: on "meet the press," president obama blamed republicans. >> they say their biggest priority is dealing with the deficit, but the way they're behaving is their only priority is making sure taxes don't go up on the rich. >> reporter: the senate minority leader says -- >> i'm willing to get this done. but i need a dance partner. >> reporter: enter vice president joe biden, called by mcconnell. can the senate veteran help congress stumble to a deal on the
of the impact of the fiscal cliff. >> and i know also you will be talking with senator feinstein about her plan. she says day one she is going to submit legislation to renew the assault weapons ban. >> that's exactly right, january 3rd, thursday of the new congress she says she is going to introduce legislation to -- a ban on the high capacity magazine clips that hold more than 10 rounds of ammunition at a time. she is a big supporter of gun control, lindsey graham, a card carrying member of the national rifle association, he supports wayne lapierre's proposal to put armed guards in schools. >> thanks for your time this morning. i know a lot going on on capitol hill today. normally a quiet day but lots going on today. >> you bet. and one more thing, go skins. >> absolutely. we can't forget that. >> can't forget that. >> thanks so much, chris. >> you bet. >> and you can catch fox's sunday at 9:00 a.m. right after our show. >>> as lawmakers here in washington work to avoid the fiscal cliff, some people having a little bit of fun with the looming deadline. check out this electric road sign in port
-called fiscal cliff. after a day of intense talks, senate majority leader, harry reid said there will not be a deal tonight. >> there is a distance between the two sides, tpheg orbingiations continue. >> if republicans and democrats can not strike a deal, taxes will go up for almost every american, automatic cuts will kick in and millions will loose unemployment benefits. >> i want everyone to know i am will willing to get this done but i need a dance partner. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impasse on the gop. >> they say the biggest priority is making sure we deal with the deficit in a serious way. the way they are behaving is the only priority is making sure tax breaks for the wealthie
they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours
on that not necessarily the talking place. and type is almost up for lawmakers to avert this fiscal cliff. the senate trying to make that a reality and they worked, we hear, throughout the weekend in hopes of hammering out a plan b or a plan c. >> juliet: peter doocy was knocking on people's doors and answering, saying what's going on? were they working through the night? >> reporter: we were told before a lot of the senators went home that their staffs were going to stick around and work all night long, but a senate aide with knowledge of the talks told us last night about 12 hours ago there was no progress, no major progress towards a deal to avoid the fiscal cliff. we know that about eight hours from now right at three o'clock here in d.c., senator mitch mcconnell and senator harry reid, the principal negotiators from the senate are going to is sit with senators from their parties down and tell them the numbers they've agreed should be in the deal and if those meetings go well, they might be able to vote tomorrow in the senate, tomorrow afternoon. the house of representatives though would then nee
this morning," the latest from capitol hill on fiscal cliff negotiations. we'll hear from wyoming senator john barrassow. plus a controversial lawsuit in the newtown school shooting brought by the family of a young survivor. >>> and indianapolis colts' coach chuck pagano. that and more coming up later on "cbs this morning." that is the news for this monday morning, new year's eve. appreciate you watching, everybody. take care. i'm terrell brown. have a great day. -- captions by vitac -- www.vitac.com welcome sed you are?air.an your worst nightmare mr. box. since you foolishly brought back your bonus jack! i have copied your two pure beef patties, lettuce, melting cheese, pickles, and middle bun, plus fries and a drink for $4.49. and now you will tell me what is in your secret sauce!! uh, i think i know. "we all know," "pretty obvious." you couldn't tell me when i handed out the wiener-dog lasers!?! new years eve. i'm frank mallicoat. new years eve. i'm frank mallicoat. i'm michelle gri >> your realtime captioner: linda marie macdonald. >>> good morning. it is monday, it is new year's eve. how
for a solution for the fiscal cliff are being put on the back burner until after christmas. >> i apologize about my voice. this may be divine intervention because we didn't deal with the fiscal cliff. >> a senator from idaho is apologizing for his dui arrest. police stopped republican mike crapo in alexandria, virginia. >> after 80 years in print, "newsweek" magazine has its last issue on stands today. it will continue its digital format. >> if you haven't finished your holiday shopping, don't worry. millions of americans are expected to hit the store today. >> i have just started. >> i looked at the research footage and looked at your face quite a bit. you don't look a day over than you did 32 years ago. >> wide open with the catch. what a shot. seahawks win it, seattle is in the playoffs. >> and all that matters. >> norad will be tracking santa claus as he makes his way around the world delivering gifts to girls and boys tonight. >> on "cbs this morning." >> from kabul, afghanistan, happy holidays! "cbs this "cbs this morning." >>> welcome to "cbs this morning." i'm jeff
. >> the house and senate back to work for a rare sunday session trying to figure out the fiscal cliff negotiations. a lot of talk, very few solutions so far. >> our membership is frustrated as the american people we're sworn to serve. >> none. votes that we'll be casting today have anything to do with these deadlines that we face in slightly more than 24 hours. we're here. we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it is time to lawmakers to nail down a deal o. >> we don't yet see an agreement and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors working through night trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there is still significant distance between the two sides but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitc
through with a fine tooth comb and pick through. senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about is form are senator chuck hagel. critics slammed him of course and looks like the white house is trying to go in a different direction. others say give him a shake. go back to and see he is a fair-mind guy. >> i think he's the wrong pick at the wrong time. lack of support of israel and unwillingness to call the iran revolutionary guard a terrorist organization and he stepped back from action against iran and he was one of the biggest critics . one telling us that the surge couldn't work. that was always here from chuck hagel. that's not the kind of guy i want lea
. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done.
big story this morning, avoiding the fiscal cliff. the president and lawmakers don't have a lot of time. there are only a few days until the deadline. >> president obama is hosting top leaders from the house and senate at the white house for more talks later this afternoon. fox5's sherri ly is live at the white house with the latest. >> reporter: good morning, tony, good morning, sarah. the tone here in washington hasn't changed much since before christmas, and now we have days to go before the deadline and the nation going over this fiscal cliff. the president is hoping that this afternoon's meeting at the white house with congressional democrat and republican leaders will help break the standoff. both sides continue to play the blame game here. senate majority leader reid attacked house leader boehner for blocking a vote while the gop led house isn't due back until sunday, a day before the deadline to avert the tax increases and spending cuts that could send the nation into recession again. the differences between the two sides, democrats want to raise money on everyone earnin
from plummeting off the fiscal cliff. >> if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> reporter: house speaker john boehner was at the white house summit. so far, he's not made a statement about the measures discussed. we're hearing the president does did not float a new deal but reiterated his calls to extend tax cuts for people making less than $250,000 he also wants to extend unemployment benefits for 2 million people and delay $110 billion in sequester cuts and that is a story we'll follow all weekend long. back to you in the studio. >> and thank you very much. >>> essentially, we remain in a stalemate tonight and congress returned yesterday to the senate, the house will be back on monday and they have thr
talked about the looming fiscal cliff. >> i'm not sure what's next. i can tell you, the senate's here, we're in session, we had votes tonight. the president is here. i'm the eternal optimist. we can pass the farm bill that we passed last june. by cutting subsidies for wealthy farmers. so, there's a lot of things that we can do but it's going to take the speaker deciding that he wants to work across the aisle to get it done. >> you can catch the rachel maddow show right here on msbnc on 9:00. >>> retired four-star general norman schwarzkopf died thursday at his home in tampa, florida. he was 78. the hard-charging general, was most famous for leading coalition forces to victory during the first persian gulf war in 1991. under his command it took troops just six weeks to drive saddam hussein's army out of kuwait. gener schwarzkopf is survived by his wife brenda and their three children. >>> former president george h.w. bush are main street in intensive care this morning. while mr. bush's condition is serious, in an e-mail, a spokesperson said for the family said that the president hasn't los
-called fiscal cliff. vice president joe biden is now involved in the negotiations but senate republicans and democratic leaders remain at odds over key issues such as higher tax rates and the inheritance tax. >>> thousands turned out all across india to remember the woman who died during a gang rape. they promised to keep fighting against rape and sex-related crimes. and they're also wanting the person accused of killing the 23-year-old to be given the death penalty. >>> here in new york a woman accused of pushing a man to his death on the subway tracks is being charged with a hate crime. she said she shoved the man because she thought he was muslim and laughed so hard during her arraignment she was ordered to stop. she's undergoing a psychiatric examination and held without bail. >>> in southern california a day on the lake turned into a frozen rescue effort. all of it was caught on tape. >> reporter: it was a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. so despite the warning signs -- >> look
this morning, let me bring you up to date on the fiscal cliff. we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the
to prevent the nation from reaching the fiscal cliff will not happen today. president obama and senate republicans say they are close to a deal that would prevent tax hikes on most americans. at this hour, there's still no plan in the house to hold a vote on it. that could all change, and we will definitely keep you posted. >>> and you're looking at a live pictures of times square in new york city. 1 million people are expected to jam the streets to celebrate the new years and waffle the traditional crystal ball drop. authorities are working to keep everyone safe. a ban a alcohol will be enforced, bags will be searched, surrounding streets will be shut down. >>> back here in maryland, some in you year's eve celebrations will give way to wedding celebrations. same-sex marriage will officially become legal in the state shortly after the ball drops. at chris gordon reports, that has some couples planning their ceremony down to the second. >> reporter: sabrina and natasha live in frederick with their three children. they're cupping to the annapolis chapel to get married. >> this is what i
november 16, and a last-minute chance to avoid the so-called fiscal cliff. if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: members of the house were told to come back to wash
to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the expwrort leader can make to his conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants
the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower tax rates expiring and federal aid for things like unemployment
they are trying to put together a plan to help us from all going over the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower
stand by for an update coming from the white house on the fiscal cliff from president obama in 20 minutes, we're getting word that senate leaders have offered last-minute bipartisan talks in an effort to reach a deal. we expected her an update on that about 20 minutes. >> the nation is remembering the life of an american hero, retired general norman schwarzkopf has died. he is best known as one of>> tonight scott thuman looks back at his life. >> in 1990, norman schwarzkopf was a little-known u.s. army general looking towards retirement. the west point graduate and decorated officer for his service in vietnam he spent his entire career in the army. when a rack's dictator saddam hussein invaded neighboring kuwait "stormin' norman" became a household name. as the leader of the u.s.-led international coalition that quickly drove iraqi forces out of kuwait, schwarzkopf achieved rock star status. he returned from the persian gulf in national hero and was awarded the medal of freedom. >> he was a leader, and motivator. he got a lot of things done. he was an extremely compassionate man.
prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced a
. >>> and now to a developing story affecting every american. the countdown to the fiscal cliff. last night, president obama dressed the -- addressed the nation following a productive and yet failed attempt to strike a deal. he used the weekly address to urge the senate to put together a basic package to protect americans from an income tax hike. >> we can't afford a politically self-inflicted wound to our economy. >> tomorrow is setting up to be a critical day. house members return and senate leaders are hoping they would be able to offer compromised plan. >>> they will have two days to strike a deal to avoid automatic tax hikes for everyone and also to avoid across-the-board spending cuts. audrey barns has more on that fiscal cliff countdown. >> reporter: lawmakers summoned to the white house for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the
of fiscal cliff negotiations, calling the meeting good and constructive, and he said that senate leaders every read and mitch mcconnell will try to work out a bipartisan compromise bill this weekend. if no deal could be reached, he wants senate majority leader read to introduce a deal that would extend unemployment insurance,. a middle-class tax hike, and the president spoke from the white house briefing room. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> good afternoon, everybody. for the past couple of months, i have been working with leaders of both parties to try to forge an agreement that would grow our economy and shrink the deficit, a balanced plan that would cut spending in a responsible way but also ask wealthy americans to pay more and protect our middle-class and everyone striving to get into the middle class. i want to get this done. it is the right thing to do for our families, businesses, and our economy, but the hour for immediate action is here. it is now. we are at the point where in four days every am
as well. >>> senate leaders are set to get back to work as they have yet to strike a deal on that fiscal cliff. now, the deadline is now less than 24 hours away but the white house and congress still remain at odds over key issues such as creating an income threshold for raising taxes. president obama says gop leaders have rejected his proposals to make a comprehensive deal. republicans say they are willing to work together. so what does this mean for you? coming up in the next hour, we'll talk live with congressman jerry connelly and congressman phil roe for a closer look at the looming deadline. >>> still ahead this hour, secretary of state hillary clinton hospitalized. we'll have an update on her condition. we'll be right back. (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect. you start fresh. new city. new job. new everything. it's exciting, and scary, at the same time. and some days you think, "i can't do this on my own." but then...i went to suntrust. they helped me figure things out. and before you know it, i am doing it... (anncr) at s
coe ago lantz. >> we're less than 24 hours from the fiscal cliff deadline. congress is inching closer towards a deal. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill yesterday after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. aides say there has been what they call constructive movement on key issues like taxes, including a compromise on where to set higher rates for whether americans -- for wealthier americans and avoiding a jump in inheritance taxes. meantime, vice president joe biden is taking over at lead negotiator for democrats. >> time left to reach an agreement and we intend to continue negotiations. >> i want everybody to know i'm willing to get this done but i need a dance partner. >> if a deal is not reached by midnight, taxes go up for nine out of ten americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. >>> sharp cuts in defense spending and domestic programs will kick in on january 2nd. >>> if not
in honolulu with friends. with the house hopelessly deadlocked any chance of averting the fiscal cliff will start in the senate and there's a bit of news on that front. our white house correspondent brianna keilar joins us live from honolulu, hawaii. so a slight bit of news. do tell. >> reporter: i hesitate to even say it's a slight bit of news because it's sort of exactly what we would expect, to be honest. the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and congressional republicans even on the staff level. this is what democratic and republican sources are telling me, and overall just to remind people, instead of this being -- here's what we expect. i
as the fiscal cliff. today, the president met with congressional leaders at the white house, but the action is now in the u.s. senate, where the republican and democratic leaders are trying to find some sort of compromise. but if they can't, the president is insisting on an up and down vote on his plan in both the house and senate. the vote in the news room tonight was to have gary nurenberg fill us in. gary? >> reporter: derek, how absurd is this? almost no one wants the country to see that combination of huge spending cuts and tax increases, but month after month after month, congress has been unable to cut a deal to avoid them. how absurd is this? so absurd the president is quoting yogi berra to describe it. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything has to wait until the last minute. we're now at the last minute. >> reporter: the president spoke after a meeting where republican and democratic senate leaders agreed to try to find a solution. >> we're out of town. we've
. >>> we are 1 hours away from going over the fiscal cliff. lawmakers went home last night without reaching an agreement. harry reid expects to reconvene the senate around 11:00 this morning. he is not giving up on reaching a last minute deal. >> there is still significant distance between the two sides. but negotiations continue. >> reporter: a lot of give and take is going on right now. republicans don't want to see new revenues, in other words democrat tax increases be used for new spending. >>> on meet the press president obama accused republicans of protecting the wealthiest americans from tax hikes. >> reporter: the president has asked his plan, which includes tax hikes, to be given an up or down vote. >>> i'm watching your money. asian stock markets mostly closed or traded lower today on diminished hopes u.s. lawmakers can come to an agreement on the fiscal cliff. wall street has a full trading day today. checking the numbers for you the dow starts this morning at 12938. that's right below 13,000 after selling off 158 points on friday. of course over concerns about the fiscal cliff.
fiscal cliff. >> the president was about 200 billion higher on revenues. boehner 200 billion higher on spending cuts. out of a trillion dollar budget that doesn't seem unsurmountable so i would hope they would keep talking. >> congress is expected to be back in session by thursday. without a deal tax hikes for all americans and deep spending cuts will be triggered on january 1st. >>> the head of the national rifle association today defended his group's refusal to consider any form of gun control. >> look a gun is a tool. the problem is the criminal. every police officer that walks the street knows if you want to control violent crime take violent criminals off the street. >> on friday the nra called for armed guards in schools as the best way to prevent shootings like the one in newtown connecticut. today warner a supporter of gun ownership called for mental health care as a way to protect schools. >>> religion leaders prayed for peace and called for action to prevent gun violence. church members held sunday service then a town hall forum to answer questions and spark discussion. ac
one week to go, and there's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional er responsibility in a long time. >> the president and congress are due back later in the week. one possibility is a partial deal on taxes while putting off an agreement on spending, kicking some of the can down the road once again. >> and that seems to be what congress is good at. no problem ever gets solved. there's no grand bargain. seems like we just do a little bit and then say oh, we'll get it by the fall. and nothing substantive really gets done. it's a sad state of affairs. this is the result of when folks cannot take off the par
? kelly: the next few days are indeed critical in the fight for the so-called fiscal cliff but as the president cuts short his vacation and the senate returns tomorrow we'll look whether democratic leader harry reid will have a plan c ready to go and rumors after $400 billion price tag. >> big chunk of change. we're eyeing a massive winter storms that spawned at least last night this deadly tornado. as it moves north, that storm we'll look at the danger it poses for many americans especially if you're trying to travel anywhere today. folks there living through rare holiday twisters react to a christmas day storm they say they will never forget. >> i've never seen one in real life. just to be able to hear one from that far away, it is about a mile from where we are and you could still hear it. it was, it was pretty amazing. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! kelly: "fox busin
a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. this is a conversation we should have had months ago. clerk democrats want to extend bush-era tax cuts to everyone except those americans making to a hundred $50,000 or more per year. many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vincent gray says the christmas eve killing on capitol hill is a rallying cry to put more police on the streets in city neighborhoods. his comments come days after jason emma was shot while parking his car in the 1
on a vote before the fiscal cliff. we'll have to see if john boehner goes along with that one and if the obama plan can pass the senate, but there's a bit of optimism, a bit of energy, the body language finally looks a bit more positive. back to you. >> steve, with that improvement body language and the prospects that maybe something will happened, doesn't the fact remain that representative boehner does not seem to have control of the republicans in the house, a group of them standing firm, no taxes -- on a no tax increase on anybody. >> that's right, which is why boehner pulled the plug, jim, you'll recall, on that vote, which was supposed to be a show vote to put the pressure on the president to draw the line at a million. when he realized he didn't have a majority of the republicans, he didn't go forward. what this is now is an old school where you have a bipartisan society, where boehner would be asked to permit a vote, even if he knew most republicans would vote no. it's humiliating for a speaker, especially in this milieu, in the world we live in now. it would set up bo
to vote tonight on a last-minute deal to prevent going over the fiscal cliff. without a deal, automatic tax hikes and deep cuts in defense spending and other areas are set to go into effect at 34id night. right now the house doesn't expect to vote tonight, but house speaker boehner reminded measures to stay close to the capitol in case that changes. >>> celebrating on this new year's eve, some couples getting ready to tie the knott at midnight in maryland. those marges will officially become law legal in the state at 12:01 a.m. that has one couple from frederick plans their ceremony right down to the second. pirchlts whenever it says 12:01, wherever i am, i will say "you are married." >> i want to spend the rest of my life with her, and i want to tell the world that, and i should be able to. >> i'm excited and thankful we get to have this day. i'm just happy. >> reporter: couples wanting to get married will have to wait until wednesday as maryland courthouses are closed for new year's day. >>> there's other new laws taking effect in maryland. the first is the child identify lock law. it
to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35, advice from 7 on your side's michael finney. >>> the leaders in the house and the senate did agree on something today. they extended the 2008 farm bill for one more year. that bill expired in october. milk prices could have doubled to $7 a gallon next month if lawmakers failed to extend it. the agreement prevents the government from returning to a 1948 formula to set milk prices. some economists call this the dairy cliff. >>> today was the last sunday for free meter parking in san francisco. next sunday you will have to pay from noon to 6:00 p.m. atish ifer man's wharf from noon until 7:00 p.m. the city set up prepaid options for many meters. the municipal transportation agency says the move will bring in $2 million a year, but the mta says it is not about the money. it is an effort to keep traffic moving. >>> secretary of stit -- of state hillary clinton is in hospital. also -- >> ♪ amazing grace >> a band gets
. we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect the. the president is urging them to reach a deal. senate leaders are working on a last-minute compromise. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say four other adults including the parents of those children managed to escape. the vehicle that caused that accident is under investigation. >>> stunning video of a plane crash outside of moscow, russia, the passenger plane overshot the runway and slammed into a highway yesterday. amazing video for that. the eight members on board were killed. no passengers on the plane and no one on the highway was hurt. the cause of that crash is under investigation. >>> and finally, a celebration at the vatican. about 40,000 young pilgrims from all across europe attended an open air mass conducted by pope benedict. they cheered as the pope waved to the crowd from hi
by democrats is working this week, but they're not working on the fiscal cliff. and the house won't even be back to work until sunday, just two days before the year-end deadline. then there is also the milk fiscal cliff. have you heard of that one? if congress does not pass a new farm bill by january 1st, milk prices could nearly double some say to as much as about $7 a gallon. they have until the first to get that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri. >>> we've been getting responses to the cliff talks on our facebook page. that's where we asked you, what do you think about congress and the white house not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident ther
service for senator daniel inouye yesterday for his burial. but, obviously a fiscal cliff still very much on his mind. that short-term deal he was talking about on friday was basically extending middle class tax cuts, $250,000, or below, even though that has been controversyal. even though republicans have not signed onto that. he wants to extend unemployment benefits for two million americans about to lose them after a week if there is no deal. as you noted he wanted to push spending cuts to january which is upsetting republicans like john barrasso. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he see as political victory at the bottom of the cliff. he gets tax revenue for new programs. and gets to cut military which democrats calling for years and he gets to blame republicans for it. >> reporter: now democrats insist that is nonsense. they say the president since the election has been working with the republicans trying to figure out some sort of solution to this crisis. they note that they believe is
as we move closer to the fiscal cliff? >> juliet: then insane football skills made it a youtube sensation. somebody important was watching and the chance of a lifetime is coming up for this guy i've been taking a multivitamin for years. centrum silver. both of us actually. our pharmacist recommended it. and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term health benefits. and what do you know? they used centrum silver in the study. makes me feel even better, that's what i take. sorry, we take. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day!
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